Elder Law Attorney in Feasterville, PA
Have you ever thought about what would happen to your loved ones if you passed away or became incapacitated? Without proper planning, they could be forced to grapple with a range of complex legal issues that could have been avoided. If you want to make things easier for your family in the future, speaking to an elder law attorney is the first step.
- Living Wills
- Powers of Attorney
- Medicaid Asset Protection Planning
- Estate Administration
- Nursing Home and Long-Term Care Matters
Asset Protection & Medicaid Planning in Feasterville, PA
Paying for long-term care expenses like skilled care in a nursing home is one of the biggest concerns today for older people. If you don’t have long-term care insurance, you will have to rely on private health insurance or Medicare to pay for nursing home care. Unfortunately, neither of these options will provide full coverage for long-term care. Once your coverage runs out, you will be forced to pay out-of-pocket for your care, and that can quickly drain your savings, leaving you nothing to pass along to your heirs.
There is, however, one government program that will cover long-term care expenses: Medicaid. This program will cover nursing home expenses, but it is designed only for those with limited financial resources. If you have too many assets or too much income, you won’t be able to qualify. In those cases, you can spend down your assets and take advantage of other loopholes to get your assets and income to a level that will qualify you for Medicaid.
- Asset Protection Trust
- Income Trust
- Caregiver Agreement
- Spousal Transfers/Refusal
Contact Us Today for Elder Law Legal Help
Don’t let long-term care expenses deprive you of everything you have worked for. Speak to an asset protection attorney today about Medicaid and how you can qualify while still preserving as much of your wealth as possible. Yorkway Law Group has decades of experience dealing with Medicaid and other elder law concerns, so get in touch with us to speak with an elder law attorney in the Feasterville, PA area. You can protect your assets from being lost to Medicaid; the team at Yorkway Law Group can help.